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First Community Mortgage To Acquire A Mortgage Boutique

Navi Persaud
Jan 14, 2021
a Mortgage Boutique and FCM logos.

First Community Mortgage will acquire a Mortgage Boutique in a transaction that is currently pending regulatory approval. FCM is targeting to close on the transaction in February 2020.

"There is strong alignment between our two organizations, particularly in the value we place on people – employees, clients, and business partners – and the communities we serve. These strong FCM-AMB synergies will especially enhance our ability to serve additional clients," said Keith Canter, CEO of FCM, and one of the 18-year-old organization's founders.

Once the transaction has been completed, FCM's wholesale division will rebrand as a Mortgage Boutique, which was founded in August 2019. It is a multi-state lender serving Tennessee, Alabama, Florida, Kentucky, Virginia and Ohio.

"This merger will enable us to continue to serve our clients, while also enhancing the service experience by leveraging a deeper set of resources. As we begin working together, we'll focus the strengths of our alignment on continued growth and leadership in the mortgage industry," said Retta Gardner, Co-Founder of AMB, who will become executive vice president of the a Mortgage Boutique Division at FCM.

In addition to Gardner, partners in AMB are co-founder and president Nancy Skinner and KJ Harden, who leads Retail Sales. They each have extensive banking, financial and mortgage experience and will join FCM.

Click here to learn more about the acquisition.

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